daytrades october 13 morning ...

Always rushing these days and wasn't as long as I thought so 10am open right on queue, hehehe!
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Good Morning Traders,

DOW Snapshot from previous trading session

"Stocks recovered from earlier losses to close higher Tuesday after meeting minutes suggested the Federal Reserve will act soon to provide additional support for the economy. Fed policymakers continue to believe that the pace of the economic recovery is slowing, according to minutes from the central bank's September meeting. The minutes also suggest that the Fed is ready to make good on its previous pledge to provide additional "unconventional measures" to boost the economy.

While there is still debate over how to proceed, the minutes revealed that talks in September centered around more large-scale purchases of assets such as U.S. Treasurys, a policy known as quantitative easing. The minutes did not specify how big the program could be, when it could start or how long it could last. But investors took the notes as further evidence that the Fed will announce plans to buy more assets when it meets next month.

"This communiqu leaves the door open for actions in November," said Lawrence Creatura, a portfolio manager with Federated Clover Investment Advisors.

The dollar fell versus the euro, reversing an earlier advance. Prices for Treasurys remained under pressure, pushing the yield on the 10-year note up to 2.42%.

Meanwhile, investors are also focused on the outlook for the third-quarter corporate reporting period, which gets into full swing this week." [Source:cnnmoney.com]

The DJIA Index finished the trading session Up 10.06; and
The SPI Futures are currently: Up 35 pts atm.

Of note in the US this evening:

Ben Bernanke speaks [Market moving indicator]

Treasury Budget [Merits extra attention]

...AND...

Of note in Australia today:

Please note there is no noteworthy 'Economic news' due to be released in Australia today.

Gold is currently trading Up $1.40 & is sitting at US$1,351.90/oz atm [Source: Kitco]
Oil is currently trading Up $0.06 & is sitting at US$81.73/oz atm [Source: Bloomberg]
The Dollar: The AUD/US is currently trading @ 0.9866 cents [Source: Forex. Live]

Have a great day trading today all.

Cheers, Tweets

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